ELI5-How did Germany go from losing two world wars to being the economic powerhouse of Europe?
In: 7604
The mentioned Marshal Plan did play a role but there is more to it then that. West Germany didnt acctualy recive the most money through the marshal plan (First is Britan with about 3 Billion $, Second is France with about 2.7 Billion $ third is Italy with 1.5 Billion $ and then comes West Germany with 1.4 Billion $ recived). After 1949 when the new german state was founded the economic minister Ludwig Erhard, build a system that is now called rhein-capitalism, which merges some wellfare state and strong unions with capitalism. Another point was that germany had waves of immigration from mostly italy in turkey to fill up the missing generation of workers so this wasnt as a big of a problem as other countries had. Those are just some examples but there are a lot more factors that play into it.
Latest Answers